Before all else, I would like to extend my gratitude to
our readers for their unwavering support and
encouragement. As Beyond Market turns 14, I wish to
reiterate that our readers are a driving force who
propel us towards continued growth and progress.

This issue begins with a special series of interviews with
financial experts, and a medical luminary, who excel in
the grueling sport of running marathons.

The interviews further go on to show how the same
principles of disciple, focus and determination that
drive their success as marathoners also fuel their
achievements in their respective fields. We owe a debt
of gratitude to them all.

As the magazine marks 14 years of publication, we
reminisce on the past and examine how the world of
finance has evolved over the years. In this edition, we
have meticulously curated articles on the stock
markets, the mutual fund and insurance sectors, the
commodity and currency markets, the IPO market, and
an interesting piece on game changers that have
transformed industries over a decade and a half.

You will also find compelling articles on India’s
presidency at the G20, and how investors can take on
the new year with a financial plan.

It is often said that it’s not the end but the journey that
counts. And the 200th issue of Beyond Market is a
testimony to this adagE!

The banking sector plays a pivotal role in understanding the financial
and economic condition of a country. Despite the economic turbulence
due to covid, the sector has managed to sail through rough times, in
large part, due to strong governance and reforms. 

In our cover story, we have shed light on the new earnings cycle that is
led by credit growth and expansion in margins. Read on to understand
the current situation better.

Also in this issue, we have discussed in detail topics like the Reserve
Bank of India’s pilot project of its digital currency for retailers and
wholesalers and how it’s likely to function, the outcome of the recently
held Monetary Policy Committee meet where inflationary pressures
were addressed, and the progress on the onboarding of retailers of
various sizes on to the open network for digital commerce (ONDC)
system.

You will also find articles on the growing popularity of the
government’s production-linked incentive (PLI) scheme, which in turn
is leading to this scheme being offered to other categories of products
too; how investors can take inspiration from their daily lives to make
fruitful investments: the need for companies to follow new policies and
regulations to avoid hindrances in the smooth functioning of their
businesses: and the revival in the hotel industry after the pandemic.
Maintaining a healthy investment portfolio can be tough in volatile
market conditions. Read on to know how you can deal with this in the
Beyond Basics section of this issue.

The Beyond Learning section carries an interesting article on the
nuances around prepaying home loans and how borrowers can employ
it to their advantage.

Do not miss our cut-and-keep page with the list of international
holidays of leading stock exchanges across the globe for the year 2023.

Global economies continue to be weighed down by inflation. India is no exception. Although India is better placed than its peers, the government is fighting hard to rein in inflation while maintaining growth.

Read the cover story in this issue to know where India stands at this moment as regards economic growth amid recessionary worries, and other concerns including high commodity prices, a weak rupee and geopolitical uncertainties emanating from the ongoing war between Russia and Ukraine.

From the impact of reduction in subsidies on fertilizers and the introduction of reforms in the sector to the government’s crackdown on Big Tech companies to disallow a monopolistic environment, a range of topics have been covered in this issue.

In the following pages, you will find other thought-provoking articles on the hike in ethanol prices and its impact on the sugar sector, the massive job cuts in several tech companies and start-ups owing to recessionary concerns, and the reforms in the
Indian logistics industry with the introduction of the National Logistics Policy.

In the Beyond Basics section you will find two gripping articles. While one article talks about steps to follow to revive a lapsed insurance policy, the other on target maturity funds tells how these funds can be beneficial to mutual fund investors.

Do not miss an interesting article in the Beyond Learning section. It explains how investors can wade through troubled waters in an inflationary environment by cutting back on expenses and saving more through diligence and patience.

India has been steadily making great progress in all spheres if we look at it from a wide or narrow spectrum, including the manufacturing sector. On the path to becoming self-sufficient and reducing its dependency on other nations, India has
achieved tremendous success in manufacturing. This has been possible due to favourable government policies and consistent support, enabling it to increase its share in the total GDP of the country. The on-going progress and the
expected developments in the manufacturing sector in the coming year prompted us to give an account of this industry in our cover story. Read more on this topic to understand it better.

Other significant reads featured in this issue too will pique your interest. One article talks about the difficult task of controlling the stubborn inflation that has been worrying the Reserve Bank of India (RBI) since some time now. Another
write-up gives a low down on how India is trying to outdo its global peers in terms of growth and economic stability.

Similarly, another article talks about the boost the semiconductor industry has received from the government through policy announcements, and the recent developments in the cement sector, which have ensured a promising future for the
sector. Also, how the toy industry in India is growing due to government support, enabling domestic manufacturers to outshine international players; the billion dollar sales clocked by e-commerce players during the festive season, and the importance
of tokenisation in safeguarding users and reining in digital miscreants are other intriguing reads.

The Beyond Basics section covers the need to maintain a margin of safety while making investments, even if it is in mutual funds, to minimize risks.

Finally, do not miss the article on moonlighting, a practice being indulged in by employees, but frowned upon by
employers.

Insurance has often been treated as an added financial burden by a majority of Indians. Making people understand the importance of being adequately covered through life and non-life insurance products is an uphill battle for authorities and advocates of this crucial safety net. 

Of late the regulatory body for insurance and re-insurance - the Insurance Regulatory and Development Authority of India (IRDAI) - has also been doing its bit by raising awareness about insurance products while easing ways of doing business and popularizing it among masses. 

Our cover story delves deeper into the insurance sector and the measures announced by IRDAI. 

In this issue, you will also find articles on the performance of the Indian economy vis-à-vis the global economies that are besieged with a number of headwinds, the reasons as to why merchant discount rates are a worrisome topic for payments companies and ways to deal with this irritant, the introduction of positive policy changes in India’s space industry and their positive impact on the sector, the traction in the tyre industry owing to the fall in raw material prices, and Reliance Retail’s massive growth plans through aggressive acquisitions of companies in this space.
Apart from these, there are also articles on data privacy and the norms needed to safeguard users from likely misuse of data, the jump in retail leasing spaces across the country, the ways by which various companies are averting losses, including resorting to shrikflation, and how brands are employing social media for increased user engagement and business growth. 

We urge you not to miss the article on the book The 4-Hour Work Week by Tim Ferris in the Beyond Learning section as it emphasizes on the importance of having a work-life balance and how readers can achieve it without losing their mindS.

Often called the Warren Buffett of India, Mr Rakesh Jhunjhunwala was revered for his investment philosophy. His death earlier this month may have left a void in the investor community but his investment style, legacy, ideology and larger-than-life attitude will be remembered for eternity. Beyond Market pays a tribute to the Big Bull by revisiting his investment fundas and mantras for success in the cover story of this issue. 

You will also find interesting reads on the revival in the Indian economy, the recovery in airline and tourism sectors post-covid, the likelihood of a temporary relief in steel industry, the impact of plastic ban on fast moving consumer goods companies, the burgeoning threat to jobs in India and around the world following the growth of artificial intelligence and technology, the change in attitudes of viewers towards cinema, which is driven by good content irrespective of the star cast, and the impact of geopolitical tensions around the globe on gold. 

Do not miss the article on asset allocation in the Beyond Basics section of this issue. It explains why asset allocation can help investors diversify risks and achieve their goals. Also, read up on the performance of mutual fund schemes from various categories in the Beyond Numbers section.

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has introduced and initiated the concept of an Open Network for Digital Commerce or ONDC this year.

It aims to democratize the online market in India for buyers as well as sellers, irrespective of their size with this marketplace aggregator model. Players will move from a platform-centric model to an open network.

In our cover story this issue, we have spoken about this topic and how ONDC is offering a level-playing field to retailers (online and offline) as well as customers.

You will also find a host of interesting articles on the Reserve Bank of India’s (RBI’s) vision for digital payments in India, how banking stocks are gaining favour among investors, the repercussions of the falling rupee, the changing dynamics of the cement industry in India,
 and the scope as well as the future of the footwear industry in the country.
Do not miss articles on the challenges that have besieged the retail sector, the impact of lower raw material prices on the cables and wires industry, the improving state of the logistics sector and the impetus been given to electric mobility in India.

Protect your four-wheeler from damages in the monsoon season by picking an appropriate cover. To know more, read this article in the Beyond Basics section.
And lastly, sharpen your investing skills by picking the nuggets of wisdom shared by famed American investor Howards Marks in his recent memo. In the backdrop of the events being seen across the globe, insights from a veteran such as Marks can surely help investors get through tricky market situations.

The global economy could be on the brink of a food crisis. What seemed to be a far-fetched thought initially appears to be a reality now. Hence, corrective measures need to be taken by governments across the world to resolve this issue. This situation has been exacerbated by the ongoing war between Russia and Ukraine along with rising inflation. 

The world is seeing a shortage of commodities as well as food items. The cover story explores the underlying reasons for the crisis and its impact on world in general and India in particular. 

Other stimulating articles covered in this issue include a round-up of the current state of the Indian economy, the imposition of export caps on the sugar sector in India to ensure supply sufficiency and stabilize prices, the thrust to the realty sector from the growing demand for bigger homes following the coronavirus-induced lockdowns and the subsequent policies of work from home, the increase in prices of food products by quick service restaurants to overcome the losses endured during the pandemic, and lastly the need for OTT platforms to tweak their strategies to retain subscribers, and make money too. 

Similarly, the article in the Beyond Basics section, talks about how the increase in insurance premiums of electric vehicles (EVs) will have a far-reaching impact on owners of four-wheelers as well as the EV market in India. 

Finally, in the Beyond Learning section of the issue, you will find worthy and interesting takeaways from the book The Millionaire Next Door by Thomas Stanley and William Danko wherein the authors share insights into lifestyles of millionaires and ways by which readers can become mega rich.

Power outages and acute electricity deficits have been a constant in India. With climate change and summers arriving early, the demand for electricity has also been rising. However, the ongoing coal shortage in the country along with high oil prices is adding fuel to fire, creating a dizzying power crisis in India. 

In our cover story, we have delved into this grave situation. With adequate green energy capacities being a distant dream, the power issues in India can be unsettling and the start of a major crisis. To understand the gravity of this impending situation, read the cover story.

The other interesting reads covered in this issue include the economic situation in India and the scenario across the globe, the rise in the number of initial public offerings (IPOs) being floated in the primary markets, a round-up of the Reserve Bank of India’s most recent Monetary Policy meet where the repo rate was hiked, taking all and sundry by surprise, understanding start-up valuations and their sustainability with India churning out unicorns, and Indian fintech companies giving a boost to women entrepreneurs from rural areas. 

You will also find articles on the negative impact of high inflation on fast moving consumer goods companies, how the earlier ban on palm oil exports by Indonesia and its reversal later have affected India, the downgrading of the global economic outlook by the International Monetary Fund, and lastly the growing trend of home automation across India. 

Do not miss the article on debt funds. In the current market scenario, this category can be looked at by investors to meet their investment goals.

The mutual fund industry in India has been witnessing a sea change. Mergers and acquisitions have become a norm of late. The consolidation is mostly with banks or existing mutual fund companies. 

Such an action leads to the amalgamation of synergies, network and reach as well as schemes, among other things. How such a move impacts the industry and the stakeholders especially investors is something that can be known only with the passage of time. 

In our cover story in this issue, we have highlighted the impact of such consolidations. Read on to know how it could affect your investment portfolio if you hold mutual fund schemes of the fund house that has been merged or acquired recently.

In this issue we have also featured articles on risks being faced by the Indian stock markets at global and domestic levels, the shift in RBI's focus towards reining in inflation from improving economic growth that was addressed in the monetary policy meet earlier this month, the nuances of the digital lending industry in India along with emphasis on its major stakeholders, and how cross-border remittances have been in the limelight due to the geopolitical tensions raised by the ongoing war between Russia and Ukraine.

You will also find articles on the wood panel industry in India, how investments in dividend yield stocks can be fruitful in times of market volatility, ramifications of mergers among larger companies, the broken equilibrium between demand and supply of talent across industries that surfaced in the times of the coronavirus pandemic and has been coined as ‘the great resignation’ and lastly the need to hold onto stocks of companies from sectors that were severely hit due to the pandemic.

To err is human and that’s exactly what we have spoken about in the Beyond Learning section of this issue. Insights from Michael Batnick’s recent book Big Mistakes will teach you how to rise above adversities.

It’s been over a month since Russia began pounding Ukraine, targeting key cities, ports as well as civilians. Yet, the war is showing no signs of abating, despite the imposition of sanctions on Russia and admonishment by western nations.

As far as India is concerned, questions are being raised about its loyalty and interests. However, the equation is more complicated than it appears due to the multiple trade relations India shares with Russia.

To understand the complexity of the situation, we have discussed India’s trade with Russia and its significance in the cover story.

Other articles include the hike in crude oil prices in the backdrop of the war, its impact on economic growth and inflation, as well as on infrastructure spending. 
We also wish to whet your curiosity with articles on the current state of the Indian economy, the Reserve Bank of India’s new framework for Micro Finance Institutions (MFIs), the ongoing legal battle between the Future Group and Amazon, the launch of NSE IFSC, which offers Indian investors an opportunity to invest in listed stocks of companies in the US and the outlook for the Indian tile industry as well as the concerns faced by companies from this sector. And finally, there is this article on the future of natural gas and its compounds - CNG and PNG.

Do not miss the piece on hybrid mutual funds in the Beyond Basics section. It tells investors how hybrid funds allow investors to invest in equity and debt simultaneously. 

Famed investor and philanthropist Warren Buffett’s annual letter to his shareholders has been dissected in an article in the Beyond Learning section. In it, you will know what investing mantras Buffett has shared with his shareholders this time around.

The month of February began with the annual mega event - Union Budget 2022. While Finance Minister Nirmala Sitharaman was chided for the lack of reforms for tax payers, the government’s focus on the infrastructure sector was applauded by all. 

The thrust to this sector will not only support economic development in the country but also add jobs across industries. In our cover story in this issue, we have shed light on the various aspects of allotments to the infrastructure sector, and how the FinMin plans to turn the announced outlay into a reality. 

With the budget in focus, we have also covered an article on how the Narendra Modi-led government has tried to balance growth with higher capital expenditure while controlling fiscal deficit. And sovereign green bonds that invest in climate-friendly infrastructure got a special mention in the budget. These bonds are a step in the right direction and can be good investment bets. 
You will also find articles on the current economic scenario, aspects playing spoilsport for the tea sector in India, and the impact of rising inflation on fast moving consumer goods (FMCG) companies and consumers.

From this issue onwards, we will be covering interesting trends that are likely to be game changers for the country. The first in this series is ethanol. Do not miss this interesting article that talks about ethanol - the byproduct of sugar that is all set to become an important source of biofuel in the coming years, all thanks to government subsidies, which will not only reduce import dependency but also add to farmers’ incomes. 

In the Beyond Basics section of this issue, we have spoken about passive investing. With mutual fund houses launching exchange-traded funds and index funds, passive investing is getting an impetus and is on route to becoming a preferred investment avenue for investors.

A huge number of companies are likely to make their public debuts this year. At the top of the initial public offering (IPO) list is Life Insurance Corporation of India (LIC).
The government-owned insurance behemoth could be listed before the end of financial year 2021-22, and will likely be the biggest IPO ever listed in the Indian markets. The cover story digs deeper into the importance of this IPO for all stakeholders, including investors and the government.

In this issue, you will also come across other interesting reads, including articles that talk about sectors that were badly hit by the coronavirus pandemic and how they are struggling to stay afloat

with the new variant Omicron playing spoilsport, the advantages of investing in a holding company, the upcoming IPOs and how they are going to pan out in the current market scenario. Similarly, an article on have how millennials are turning savvy investors by investing in the stock markets might catch your fancy. 

Other unputdownable articles include factors that are aiding the growth of the agrochemical industry, the ongoing developments related to the probable launch of Reserve Bank of India’s Central Bank Digital Currency (CBDC), which could bring a fresh wave for financial inclusion in the country, and how turnaround companies have proven to be good bets for investment, and show immense potential for growth.

The Beyond Basics section includes two interesting reads – the newly introduced silver exchange-traded funds (EFTs) and the importance of asset allocation with emphasis on ways to keep up with new trends and themes in the stock markets.

We would like to take a moment to thank all our readers for their continued support as Beyond Market completes 13 years of imparting simplified financial knowledge to a range of investors. A,heartfelt Thank You to alL!

And just like that another year comes to an end. Year 2021 turned out to be a roller-coaster ride for all and sundry. While global economies went through jittery revivals, businesses saw extreme changes in their top and bottom lines. 

Individual lives changed for the better and some for the worse. And each situation brought in its wake highs and lows in equal measure. When we talk about what lies ahead, we all wait with bated breath for a new year with great beginnings. 
As far as business trends go, year 2022 holds a lot of promise. Various research houses have laid out their predications for the year ahead in different sectors. Though uncertainty remains a constant, most of these trends will see the light of day due to several supporting aspects, and thus make an interesting read.

Other valuable reads covered in this issue include the Reserve Bank’s stand on the recommendations of the Internal Working Group (IWG) regarding the structure of bank ownership, where the Indian economy currently stands and what investors can look forward to in the new year, the 5G spectrum auctions and its implication on the telecom sector, the power crisis in the country due to the shortage of coal, and how high input costs in fast moving consumer goods are negatively impacting profit margins of companies and, thus, consumers.

We have also spoken about the state of the textile sector and its future prospects, the growth in the footwear industry, how seasonal blues have besieged the sugar industry, and an article to understand passive investing with focus on two favoured financial products – exchange-traded funds and index funds.

Do not miss the article on the latest memo released by famed American investor and author Howard Marks that talks about the changing nature of businesses and much more.

Earlier this month, the United Kingdom hosted the World Leaders’ Summit of the COP26 UN Climate Change Conference in Glasgow. This event saw Indian Prime Minister Narendra Modi introducing the Green Grids Initiative – ‘One Sun, One World, One Grid,’ jointly with UK Prime Minister Boris Johnson.

This will be the first international network of global interconnected solar power grids that is likely to bring together a coalition of governments, international financial and technical organizations, legislators, power system operators and knowledge leaders to accelerate the construction of the new infrastructure needed for a world powered by clean energy.

This announcement, along with India launching a transnational power grid, is great news for the environment and its stakeholders. Read more about this in our cover story.

In this issue, you will also find interesting articles on the Tata Group’s acquisition of Air India and what can be expected from this airline and the sector, indications of healthy economic growth for India in the current fiscal, and the challenges that lie ahead for steel and paint sectors in India.

Read on to get a low-down on how the retail sector performed during the festive season, how quick service restaurants (QSRs) are doing really well in large part due to the changing dynamics in the industry and the coronavirus pandemic, how hotel companies are seeing a stronger revival when compared with its peer in the leisure segment – the aviation sector, how the world of cyrptocurrencies is gaining favour as an alternative financial system, and a concept called “the white knight,” which is often used in business parlance.

For risk-averse investors, an article on guaranteed income plans as an investment option that assures returns while saving taxes will shed light on this financial instrument.

Also, read on expectations investing in the Beyond Learning section.

The International Monetary Fund (IMF) has said the Indian economy is on the path of gradual recovery. In its World Economic Outlook report released recently, the IMF has kept India’s growth forecast for 2021-22 unchanged at 9.5%, reaffirming hopes of better times for the nation. The cover story details the growth prospects of the Indian economy in conjunction with other indicators. Read on to know where the Indian economy stands as on date and what lies ahead for the country. 

Other informative and interesting reads in this issue include the outcome of the RBI’s Monetary Policy Committee meeting and its stance on interest rates, the impact of the minimum global tax structure on Indian businesses as well as multinational companies in India with focus on the specifics of the two-pillar tax proposition and expectations of increase in automated teller machines (ATMs) across the country in spite of immense growth in payments through digital mediums.
Also covered in detail are articles on the entire debacle between retail giants Amazon and Future Retail, the RBI’s new norms aimed at increasing security of debit and credit cards, the government’s plans to monetize the toll industry, and the setting up of appropriate infrastructure to make India’s health care system digitally integrated.

Read all about investing in financial products that allow investors to capitalize on the international markets, and a host of benefits offered by target maturity debt funds in the two articles in the Beyond Basics section.

In the Beyond Learning section, you will find a nine-point framework by Swiss business theorist and author Alexander Osterwalder, which is a part of his book Business Model Generation. This framework offers a 360-degree understanding of a business before investing in it.

Last month, the Indian government announced a countrywide monetisation plan. The National Monetisation Pipeline (NMP) aims to unlock the value of investments in public sector assets by tapping private sector capital and efficiencies. The capital can thereafter be leveraged for augmentation of or greenfield infrastructure creation. Asset monetisation, also termed as asset or capital recycling, is a widely used business practice across the globe. The NMP estimates aggregate monetisation potential of Rs 6 trillion through core assets of the central government over FY22-FY25.

The announcement on NMP, which was long in the making, reiterates the government’s commitment to infrastructure development. To know more about the plan and its execution, do read the cover story of this issue.

Other engrossing articles in this issue include the effects of climate change on Indian businesses as well as the government and the growing impetus on green finance, how the Indian economy continues to battle coronavirus blues, the government’s capital expenditure plan, a round-up of the fertilizer sector with emphasis on how the dynamic demand–supply and raw material scenario is playing out at the moment, and how shopping malls across the country are trying to revive their fortunes following the easing of lockdown restrictions.

Also covered in this issue are articles on the positive impact of improvement in air passenger traffic on the airline industry due to government relaxations, how fashion houses are proving their mettle despite the pandemic-led situation, how the telecom sector is desperately hoping for government support in the form of a relief package, tips from famed investor Howard Marks on what an investor should do on hitting rock bottom due to market cycles, importance of having a health insurance plan and the concept of economic moat.

The highest-ever foreign direct investment (FDI) inflow into India in FY21 has come as a huge relief to the nation that has been battling a series of bad and unnerving news from within the country and abroad. In our cover story, we have spoken about this phenomenon in great detail with an overview on the rise in FDI and how India stacks up against other countries across the globe.

Also featured in this issue are some interesting and unputdownable reads. These include the slow but steady improvement in the Indian economy, the current state of Insolvency and Bankruptcy Code (IBC) since its formation five years ago, the International Monetary Fund’s (IMF’s) report card on the growth rate of emerging market and developing economies, and the head start that the gig economy has got since the coronavirus-led pandemic broke out.

Other articles worth your while are how the real estate sector in India has managed to rise to the occasion after the second wave of the pandemic thanks in large part to the reforms and sops announced by different state governments, how fast-moving consumer goods (FMCG) companies have beaten industry estimates as well as pandemic blues, the likely impact of the recently-announced vehicle scrappage policy on the automobile sector in the country, the growth prospects of the chlor-alkali industry, and finally how the top three players in the Over The-Top (OTT) segment are ruling the roost while grabbing eyeballs and staving off cut-throat competition in the industry.

There is an article on ways to stay invested in mutual funds despite the volatility in the markets and if you like to track your investments or pick investment products by measuring their past performance, then the article on alpha and beta – is a must-read as these concepts are a good measure of a investment’s potential, going forward.

The second wave of novel coronavirus has had a major impact on mankind and businesses across India. Partial lockdowns in the country and damage to human life have resulted in insurmountable losses. 

However, experts are of the view that the first wave of the pandemic was more damaging economically than the second wave. Numbers don’t lie. Yet, while the situation looks grim at the moment, businesses are trying to resurrect themselves and pivot to beat pandemic blues. 

In our cover story this issue, we have thrown light on how every strata of the society – from businesses to laymen - are making every effort to survive in the new normal. Adapting to change and thriving in the given situation is paramount to survival now. And thankfully, a host of factors are supporting the revival despite the effects of the second wave of covid-19. 

Other articles in this issue include the current state of the Indian economy, how the fintech space has garnered immense value and is producing unicorns, the future of the telecom sector given structural changes it has been witnessing off late, and the advantages to wholesale and retail traders after being accorded the status of micro, small and medium enterprises (MSMEs), thus facilitating priority sector lending to the segment. 

Also featured are articles on the booming steel sector, the future of companies that manufacture electric vehicles in India, government impetus to the chemical industry, the growth of palm oil and companies using its derivatives as well as recovery in the trye sector. 

You will also find an interesting article on the benefits of the National Pension Scheme (NPS) in the Beyond Basics section. 

Do not miss the article on the importance of having passive income and ways to ensure that you have a source of alternative income in the Beyond Learning section.

From where the Indian economy stands today, reviving to pre-covid-19 levels appears far-fetched. However, we will have to wait and watch how all this turns out with covid-19 cases dropping and a large number of people getting vaccinated. In our cover story of this issue, we have shared a round-up of the economic scenario and its future prospects.

You will also find a variety of other interesting articles in the issues. These include the consultation paper by the Reserve Bank of India (RBI) on ways to regulate the microfinance industry in India, cryptocurrencies and their future in the country as well as RBI’s keenness to launch its own digital rupee, the current state of industries like plastic pipes, road construction and personal loans and their respective future outlook.

The coronavirus pandemic has pushed companies – big and small, new and old - beyond their comfort zones by forcing them to tap newer segments. An article in this issue dwells on how businesses are pivoting and offering products and services to stay afloat. As part of their Corporate Social Responsibility (CSR), many companies are providing monetary assistance to survivors of deceased employees and working employees and in other forms such as paid leaves, insurance, etc to overcome the effects of coronavirus. 

While one is on the famed insurance-cum-investment product Unit-Linked Insurance Plans (ULIPs), the other article is on the life insurance industry and the opportunities that lay in front of companies from this space.

Understand mutual fund schemes better by referring to Mutual Fund Blackboard in the Beyond Numbers section that provides you with a round-up of the top-performing schemes in various categories. Investors and traders can read the Technical Outlook in this section for insights and prevailing trends in the stock markets.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

In the backdrop of the pandemic, the cover story of this issue discusses in detail the state of the rupee along with the steps taken by the forex arm of the Reserve Bank of India to curb volatility in the markets and the outlook on the Indian currency.

Other interesting reads include the state of the Indian economy and its attempts to stay afloat, the implications of India’s current account deficit that has turned negative, the functioning and success of food delivery companies in the ongoing pandemic, how payment applications are allowing users to go cashless while explaining the future prospects of these apps, and how fast-moving consumer goods (FMCG) companies are trying to get rid of their slow-moving items and instead focussing on improving margins through the sale of daily staples.

You will also find articles on the hydro power sector in India, a round-up of the fertilizer sector with increased subsidies by the government to bail out the farmers, a brief understanding of non-fungible tokens that are floating around and are making their way into the world of virtual currencies, and how the performance of listed companies has been better-than-expected despite the ongoing pandemic.

The much talked about “skin in the game” directive by SEBI for Asset Management Companies (AMCs) has been covered in the Beyond Basics section. We have discussed in detail the pros and cons of this directive and how it has been received by both investors and employees of AMCs

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

In this issue, we have shared insights on how the Indian economy is being pushed back and all the gains are being lost to the second wave of the pandemic with revised forecasts by industry experts and other economic parameters that continue to be a cause of concern.

Also, in this issue we have elaborated on the Reserve Bank of India (RBI) plans to manage the massive borrowing programme of Rs 12 lakh crore, announced by the Indian government as well as the recently announced Monetary Policy Review where the RBI has experimented with new tools to manage liquidity in the system.  

You will also find other interesting reads on the resurgence of Initial Public Offerings (IPOs) in the Indian markets, the impetus the current pandemic has given to health care companies, false claims by consumer brands and the backlash they face through digital vigilantism and trolling, the introduction of newer avenues and concepts in the media and entertainment space to keep up with the slump in this segment due to the pandemic and finally simple but concrete ways for an individual to remain debt-free.

There are interesting articles on topics related to the stock markets, various industries and the different asset classes like mutual funds, etc.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

In this issue, we have elaborated on how bad loans, the perennial scourge of Indian banks, have a virulent edge this year. 

You will also find interesting articles on topics related to the Indian economy, outlook on the stock markets (technical & fundamental), various industries of India Inc as well as different asset classes.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

In our cover story this issue, we have discussed in detail the shift in approach adopted by the Narendra Modi government in Union Budget 2021-22, the borrowing strategy and where it can lead the economy and nation per se.

You will also find interesting articles on topics related to the stock markets, various industries and the different asset classes.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

India’s economy is showing signs of recovery. We have delved deeper into this topic in the cover story of the magazine.

You will also find interesting articles on topics related to the stock markets, various industries and the different asset classes.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

The cover story of this issue focuses on how pharmaceutical companies are racing against time to find a cure for coronavirus and how it will benefit the sector. 

You will also find interesting articles on topics related to the stock markets, the financial world, various industries, the different asset classes - like mutual funds & commodities as well as the insurance sector.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

In this issue,  our cover story explains in detail the finer aspects of the stimulus package, also known as Atma Nirbhar 3.0. Finance Minister Nirmala Sitharaman recently unveiled a new stimulus package aimed at fighting the economic repercussions of the coronavirus pandemic. The intention of this package is to reinforce fiscal conservatism that has been the underlying ideology of the Narendra Modi government. 

You will also find interesting articles on topics related to the stock markets, various industries and the different asset classes as well as the interview of a fund manager.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.
In this issue, we have dwelled upon the implications of the recently introduced farm reforms by the Indian government on the farming community. 

You will also find interesting articles on topics related to the stock markets, various industries and the different asset classes.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

In this issue, the cover story revolves around the growing OTT media services industry In India and how they are likely to dominate digital content in the near future, according to a recent study.

You will also find interesting articles on topics related to the stock markets, various industries and the different asset classes and much more.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.

Rural India is in a better position when compared with urban India in the current scenario. While the reasons for this difference are many, the question that remains is whether this growth in the rural economy is sustainable or not. To understand this better, read the cover story this issue.

You will also find interesting articles on topics related to the stock markets, various industries and the different asset classes.

January 2023

December 2022

November 2022

October 2022

September 2022

August 2022

July 2022

June 2022

May 2022

April 2022

March, 2022

February 2022

January 2022

December 2021

November 2021

October 2021

‘Beyond Market’, a financial magazine that provides readers with insightful articles and in-depth news stories. It offers useful tips on investing apart from capturing current trends in the market and latest developments in the economy.

Beyond Market is a financial magazine published by Nirmal Bang, one of the most trusted retail broking houses in India.




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Beyond Market - January 2023

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